Regarding... Weekly Letter

Regarding… Vol 4 no 32 – The Kindleberger Trap

Regarding… Vol 4 no 31 – Niu Lai

Regarding… Vol 4 no 30 – The Opium Wars

Regarding… Vol 4 no 29 – China vs. USA

Regarding… Vol 4 no 28 – Via Negativa

Regarding… Vol 4 no 27 – Pareidolia

Regarding… Vol 4 no 26 – Onshore vs. Offshore

Regarding… Vol 4 no 25 – Crowds

Regarding… Vol 4 no 24 – We Are Not Crows

Regarding… Vol 4 no 23 – Stockholm Syndrome

Regarding… Vol 4 no 22 – The Arc of Technology

Regarding… Vol 4 no 21 – Singleton Says, Part 2

Regarding… Vol 4 no 20 – Singleton Says

Regarding… Vol 4 no 19 – Tomorrow Starts Today

Regarding… Vol 4 no 18 – To The Moon

Regarding… Vol 4 no 17 – Defining Your Edge

Regarding… Vol 4 no 16 – Investment Heaven

Regarding… Vol 4 no 15 – Investment Strategy, Revisited

Regarding… Vol 4 no 14 – I Have Questions

Regarding… Vol 4 no 13 – On Misjudgments

Regarding… Vol 4 no 12 – Asian Odyssey

Regarding… Vol 4 no 11 – Reverse Gear

Regarding… Vol 4 no 10 – Go Sell Your Negativity Somewhere Else

Regarding… Vol 4 no 9 – The Best Investment Tool, Ever

Regarding… Vol 4 no 8 – The Real Thing

Regarding… Vol 4 no 7 – Culture Club

Regarding… Vol 4 no 6 – Don’t Be a Bag Holder

Regarding… Vol 4 no 5 – House of Cards

Regarding… Vol 4 no 4 – The Power of Constraints

Regarding… Vol 4 no 3 – Life’s not fair (part 2 )

Regarding… Vol 4 no 2 – Life’s not fair

Regarding… Vol 4 no 1 – Review of 2025

Regarding… Vol 3 no 46 – Do you think you can tell?

Regarding… Vol 3 no 45 – In Praise of the Caretaker

Regarding… Vol 3 no 44 – More Cowbell

Regarding… Vol 3 no 43 – Paths Not Taken

Regarding… Vol 3 no 42 – Passive Domination

Regarding… Vol 3 no 41 – Passive Capitulation

Regarding… Vol 3 no 40 – Mutually Exclusive

Regarding… Vol 3 no 39 – Fit For Purpose

Regarding… Vol 3 no 38 – Of Permanent Value

Regarding… Vol 3 no 37 – Making it last

Regarding… Vol 3 no 36 – Banks, emerging

Regarding… Vol 3 no 35 – Keystone Species

Regarding… Vol 3 no 34 – The Placebo Adherence Effect

Regarding… Vol 3 no 33 – Ode to the Cockroach

Regarding… Vol 3 no 32 – Hollowing Out

Regarding… Vol 3 no 31 – Trust Issues

Regarding… Vol 3 no 30 – Well-Endowed Capital

Regarding… Vol 3 no 29 – Before The Flood

Regarding… Vol 3 no 28 – The Car Issue

Regarding… Vol 3 no 27 – Trade-Offs

Regarding… Vol 3 no 26 – Don’t Pick This Stock

Regarding… Vol 3 no 25 – Staying Rich

Regarding… Vol 3 no 24 – Why I write

Regarding… Vol 3 no 23 – Stablecoins

Regarding… Vol 3 no 22 – Going Long

Regarding… Vol 3 no 21 – Proteas: Ergodic No More

Regarding… Vol 3 no 20 – The Fiscal Steam Train

Regarding… Vol 3 no 19 – Cash Machines (Part 2)

Regarding… Vol 3 no 18 – Cash Machines (Part 1)

Regarding… Vol 3 no 17 – #Fail

Regarding… Vol 3 no 16 – Veblen Goods

Regarding… Vol 3 no 15 – Globalists vs. Localists

Regarding… Vol 3 no 14 – Turning Point

Regarding… Vol 3 no 13 – Here We Are Now; Entertain Us

Regarding… Vol 3 no 12 – Tomorrow Never Knows

Regarding… Vol 3 no 11 – No Forecast Required

Regarding… Vol 3 no 10 – You’re on your own now

Regarding… Vol 3 no 9 – Reflections on Berkshire Hathaway

Regarding… Vol 3 no 8 – The Rhyme of History

Regarding… Vol 3 no 7 – Mr Market knows

Regarding… Vol 3 no 6 – Language is a virus

Regarding… Vol 3 no 5 – Keep calm and carry on

Regarding… Vol 3 no 4 – Golden

Regarding… Vol 3 no 3 – Single point of failure

Regarding… Vol 3 no 2 – The market for lemons

Regarding… Vol 3 no 1 – Review of 2024

Regarding… Vol 2 no 46 – Roughing it

Regarding… Vol 2 no 45 – Art for art’s sake

Regarding… Vol 2 no 44 – But is it art?

Regarding… Vol 2 no 43 – Competitive Bolshevism

Regarding… Vol 2 no 42 – Trump won. So what?

Regarding… Vol 2 no 41 – 10 Stocks, Forever

Regarding… Vol 2 no 40 – Long Life

Regarding… Vol 2 no 39 – Aggressively Passive

Regarding… Vol 2 no 38 – Keep Your Friends Close

Regarding… Vol 2 no 37 – Dodging the Curse

Regarding… Vol 2 no 36 – Schrodinger’s China

Regarding… Vol 2 no 35 – Lollapalooza

Regarding… Vol 2 no 34 – Analysing Stories

Regarding… Vol 2 no 33 – The Costanza Paradox

Regarding… Vol 2 no 32 – Certificates of Confiscation

Regarding… Vol 2 no 31 – Just sit there

Regarding… Vol 2 no 30 – Priceless

Regarding… Vol 2 no 29 – Crypto is a scam

Regarding… Vol 2 no 28 – Crypto – Buy, Hold or Sell?

Regarding… Vol 2 no 27 – Dogwifhat

Regarding… Vol 2 no 26 – Caveat Emptor

Regarding… Vol 2 no 25 – Avoiding the Slaughterhouse

Regarding… Vol 2 no 24 – The Maillot Jaune

Regarding… Vol 2 no 23 – Financial Irrationality

Regarding… Vol 2 no 22 – The Cockroach

Regarding… Vol 2 no 21 – Structure Drives Strategy

Regarding… Vol 2 no 20 – Lessons Learnt

Regarding… Vol 2 no 19 – Scoundrels and Heroes

Regarding… Vol 2 no 18 – Rock Star Fund Managers

Regarding… Vol 2 no 17 – Common Ground

Regarding… Vol 2 no 16 – Sanctions Don’t Work

Regarding… Vol 2 no 15 – Head Office Blues

Regarding… Vol 2 no 14 – Stoic WP

Regarding… Vol 2 no 13 – AI’s Dirty Little Secret

Regarding… Vol 2 no 12 – Malthusian Malady

Regarding… Vol 2 no 11 – The Trolley Problem

Regarding… Vol 2 no 10 – Perpetual Motion Machines

Regarding… Vol 2 no 9 – Social Studies

Regarding… Vol 2 no 8 – Squeeze Play

Regarding… Vol 2 no 7 – Get Shorty

Regarding… Vol 2 no 6 – Riding the Dragon

Regarding… Vol 2 no 5 – Getting the foundation right

Regarding… Vol 2 no 4 – Leaving for London

Regarding… Vol 2 no 3 – The Moot Point

Regarding… Vol 2 no 2 – Prophets and Profits

Regarding… Vol 2 no 1 – Review of 2023

Regarding… Vol 1 no 16 – Credit Where It’s Due

Regarding… Vol 1 no 15 – Windshield Pitting Delusions

Regarding… Vol 1 no 14 – The Abominable No-Man

Regarding… Vol 1 no 13 – Don’t be a Turkey

Regarding… Vol 1 no 12 – Listen to the Music

Regarding… Vol 1 no 11 – Regime Change

Regarding… Vol 1 no 10 – Día de los Muertos

Regarding… Vol 1 no 9 – Salads and scrums

Regarding… Vol 1 no 8 – Bear baiting

Regarding… Vol 1 no 7 – The infinite game

Regarding… Vol 1 no 6 – Luxury, for less?

Regarding… Vol 1 no 5 – Old dogs, new tricks?

Regarding… Vol 1 no 4 – Path of Least Interest

Regarding… Vol 1 no 3 – Concentration Works, Sometimes

Regarding… Vol 1 no 2 – Don’t Roll in the Loadshedded Mud

Regarding… Vol 1 no 1 – The First Time is Always the Sweetest